I hope you do post it up, cos I get bugger all subsidies for my portfolio!
Any amount of money you receive in your tax return that is associated with any of your properties is a subsidy, throw in NGing and you are practically on welfare.
But I'm sure I've got it wrong, that what I see as subsidies are merely compensation for what are afflictions to our nations great investor class.
We've been over this a million times before so don't write dribble response after dribble response trying to prove your sociopathic stance because we will never agree, it's a waste of time and energy.
Any amount of money you receive in your tax return that is associated with any of your properties is a subsidy, throw in NGing and you are practically on welfare.
But I'm sure I've got it wrong, that what I see as subsidies are merely compensation for what are afflictions to our nations great investor class.
We've been over this a million times before so don't write dribble response after dribble response trying to prove your sociopathic stance because we will never agree, it's a waste of time and energy.
Probably makes no practical diff to you personally though Chris?
If Bardon didn't outbid you using debt, I'd just outbid you using cash.
I personally tend to think that could be a better state of affairs all 'round though:
* Less leveraged landlords in the market 'n wotnot ...
* Keeping our banking system safe 'n all ...
But looked at that way, what value is there in having leveraged home owners in the market either? ( And yes, I do recognise there are numerous possible answers - But but but, just think about how GREAT all those bears reckon the Berlin property market sounds - With its 80% renter rate - LOL )
Though also recognise that I just could be a little bit biased? ...
PS: Taking the piss; Just a little bit; As always. 'n enjoying myself; Just a little bit; As always ...
PPS: Except sometimes when I'm talking to ThePauk and reckon that boy just could be worth coughing up for a tax payer funded lobotomy on as a public benefit to the public benefit.
Vested interests caught off guard but I have read some associated articles on this today and the angle they are adopting is so blatantly deceptive it's not funny. They are going down the 'government is punishing middle class battlers' bullshit line.
Like a 42yr old teacher with 5 fucking investment properties is a 'middle class battler'?? They then throw in the biggest fist of bullshit with lines like 'this will leave only the most wealthy in a position to own all the investment properties' Buuuuullllllssssshhhhhit.
The reality she, like many Australians cannot afford the amount of debt they have taken on without enormous rebates from the tax payer. If she took on one or two and paid them off before the third then she would be fine but she got greedy at tax payers expense.
I can tell you what will happen, it will go like this. Thousands will go broke, banks will lose millions and house prices and rents will fall. Banks will lend again but will require greater deposits and allow IP in circumstances where they are PG or the borrower can comfortably cover the small shortfall, the market will return to sensibility and those who can afford an IP will buy one its that simple.
Dreams of every man and woman getting instantly rich through property will go, and so will all those fucking annoying vested interest shows like the block, Reno rumble, my house rules etc so it's not all that bad Bulls!!!
Do you seriously believe that Cameron et al do anything at all that is not to the ultimate benefit of the super rich?
More fool you - Now you get to wait and see if house prices collapse and rents fail to rise. I would not bet on it if I were you.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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